India IVF Services Market Overview:

The India IVF Services Market was valued at $256.0 million in 2016, and is estimated to reach $829.5 million by 2023, registering a CAGR of 18.2% from 2017-2023. The India IVF services market is developing steadily and is projected to grow at a high rate, owing to increase in awareness among the populace with respect to infertility and programs that are projected to develop patient confidence.

High success rates of conception associated with IVF also accelerates the market growth. Furthermore, high prevalence of infertility among population, change in lifestyle, growth in acceptance of ART and IVF, and increase in awareness about IVF among the non-metro regions have driven the adoption of IVF services in India. However, ethical and legal issues related to embryo transfer surrogacy major restrain the market. In addition, lack of established regulations with respect to IVF also impedes market growth. Likewise, high potential for improvement of healthcare service penetration in India presents lucrative opportunities for the overall development of the IVF market in India.

The India IVF services market is segmented based on gender, procedure, offering, cycle type, and end user. Based on gender, it is divided into female infertility, male infertility, and both (combined) infertility. Based on procedure, it is classified into intracytoplasmic sperm injection (ICSI-IVF), non-ICSI-IVF, and intrauterine insemination (IUI). The offering segment includes drugs, media & reagents, and services. Based on cycle type, the market is categorized into fresh cycle (non-donor), thawed cycle (non-donor), and donor egg IVF cycle. Based on end user, it is segmented into fertility clinics, hospitals, surgical centers, and clinical research institutes.

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In vitro fertilization (IVF) stands for fertilization of the male and female gametes that form the human embryo outside the womb-in a petri-dish in laboratory settings. This embryo is then transferred to the uterus for gestation. It is one of the most popular assisted reproductive technologies (ART) for successful fertilization. IVF treatment is preferred for women with missing or blocked fallopian tubes. In addition, structural causes that cause infertility such as fibroids, endometriosis, cervical problems, and polycystic ovary syndrome also require IVF intervention

The India IVF services market is anticipated to witness considerable growth in future owing to rise in incidence of infertility cases, emerging trend of delayed pregnancies among women, technological advancements in IVF procedures, and increased occurrences of gamete donations. Furthermore, low cost clinical settings for IVF treatments in India when compared with IVF treatment facilities in the U.S., the UK, and other established markets, surge in popularity of medical & fertility tourism coupled with advanced IVF facilities & treatment options are anticipated to supplement the market growth.

However, inadequate reimbursement policies associated with IVF treatment are anticipated to impede the market growth during the forecast period. Moreover, growth in interest of single parents as well as same sex couples in experiencing parenthood through artificial reproductive technology (ART), especially IVF, is expected to present lucrative opportunities for market expansion. At present, the fertility clinics are the largest end users of IVF treatment, followed by hospitals, surgical centers, and clinical research institutes.